eastern medite rranean natural gas - prospects & developments · prospects & developments...

Eastern Mediterranean Natural Gas -

Prospects & Developments Prospects & Developments

Presented by Dr. Amit Mor

Helenic Institute of Marine Technology

Athens, November 26, 2013

Eco Energy Ltd., Kobi Building, 9 Maskitע St., POBox 4079, Herzliya Pituach 46140, Israel

Tel. +972-9-957-9331; Fax. +972-9-956-4255; email. Amitmor@ecoenergy.co.il

The Tamar Project

• Drill 5 wells to ~ 5000 m

• Install subsea development @ 1700 m

• Install 150 km of dual 16” pipelines

• Build and transport Tamar platform

• Install Tamar platform near Mari-B

The Tamar Project

The Tamar deposit of ~9 TCF

could supply Israel gas

requirements for more than 20

years.

Further exploration will take

place by Noble Energy and other

companies.

Copyright Excelerate Energy L.P.

START

UP:COUNTRY: PROJECT ROLE: KEY TECHNOLOGY: COUNTERPARTY:

BASELOAD

CAPACITY:STS : TOTAL SENDOUT: OPERABILITY:

2012 Israel Consulting Services FSRU, STL Buoy Israel Electric Corporation Israel Natural Gas Lines 500 mmscf/d 6 16,689.40 MMscf 101.65%

Hadera Gateway

FLOATING

REGASIFICATION

Leviathan field – 19 TCF, the largest natural gas discovery in the world in the past decade

East Med Gas Export Options

Pipeline

to Turkey

Pipeline

to Greece

East Med Gas Export Options

September 2013

Leviathan-Vassilikos (Cyprus) Pipeline

(initial estimates)

Natural Gas export options- LNG plant in Eilat or Ashkelon

- FLNG

- Pipelines to Turkey, Cyprus,

Greece, Egypt, Jordan

- Production of methanol,

fertilizers & petrochemicals, GTL

Mari B

(initial estimates)

� Leviathan is located ~200 km from

Vasilikos

� Pipeline crosses water depth of more

than 2 km

� Pipeline & Development cost – $4-5

billion

� LNG plant cost $5-12 billion

Tamar

Leviathan

Block 12

Aphrodite

Southeastern Europe is a key market for the new sources of gas in the Eastern

Mediterranean because of:• its proximity to the source and

• its potential for growth.

The Pipeline Options:• Is the most Politically and Commercially attractive solution;

• Works complementary with the LNG option, allowing for a win-win

scenario;

ExistingUnder ConstructionUnder Development

scenario;• Is the option that may be operational

before 2020 and enabling the Mediterranean gas to reach first an

attractive developing market.

Next Steps:• A decision by the producers regarding the quantity of natural gas

to be diverted to the European Markets;

• Political decision by the EU to enable the establishment of this new

energy corridor to Europe;• In depth feasibility study to

reinforce the technical and commercial viability of the project.

Floating LNG

Technology Risk

maritime border disputes political risk

The Clean Transportation Vision

Our long term vision: natural gas,

renewable and nuclear energy for power

generation to fuel the world’s Auto fleet –

run on gas, charge batteries and produce

hydrogen for transportation

Plug-in car

The Clean Transportation Vision

Natural gas & renewable energy to enhance

energy and environmental security

ע

Thank You

Zenith Solar concentrating photovoltaic technology